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and fast in the energy domain we've come. no one was saying the united states would be the next energy powerhouse of the world. we're exactly that. that shows what we can accomplish. yes, we do have to get our house in order. more than anything else, it means long-term entitlements under control. we have a medium and long-term problem. the real question is whether our politics are up to it to make the sorts of decisions. >> i'm glad you mentioned energy. this is a game changer for the economy. this is the kind of area where business and washington should come together to actually find solutions for using the commodity that we have in this country like natural gas. >> we're beginning to move in that direction. we're going to have debates, probably about exporting a little bit of natural gas. it's already making american manufacturing far more competitive. it's one of the exciting growth spots of the economy. it's helping us in climate change. we're one of the few countries to have met the targets -- we're moving out of coal and into natural gas. it's exciting. this is a game changer. we
. but it's true we have all these advantages. look how far and fast we have come in the energy domain. three or four years ago no one was coming on your show saying the united states is going to be the next energy powerhouse of the world. but we're exactly that that shows what it is we can accomplish. but yes we do have to get our house in order. more than anything else, it probably means getting long-term entitlements under control. well don't have a near term problem, but we do have a medium and long-term problem. and the real question quite honestly is whether our politics are up to it to making the sorts of decisions we have to make. >> and i'm glad you mentioned energy, but this seems to me to be a game changer for economy. >> absolutely. >> but we're not moving on it. this is the kind of area where business and washington should come together to actually find solutions for using the commodity that we have in this country, like natural gas. >> we're beginning to move in that direction. and i think we're going to have debates about exporting a little bit of our natural gas. it's a
manufacturing or energy production. and the reason is the consumer still has a number of challenges, even when they get out from all of this debt. first of all, the population is getting older. fewer people in the workforce. that's one challenge. second of all, and this is a big long-term challenge that predated the financial crisis. real income for most households has been stagnant for very long time. and households have been able to defend their lifestyle through lower savings and more transfer payments from the government, neither of which are sustainable over the long-term. >> what do you think about investing in the market today? michael, how do you want to allocate capital? >> well, i think what you have to do, when the market sat the levels that we see now is you have to be conservative. you really have to have a mix of chasing risk, but at the same time, recognize that there could be a correction around the corner if the wrong kind of news comes out. so while everyone is always talking about these defensive dividend-oriented names have done well, and the natural tendency is to say well
, andnt to learn from what happenedg goals: so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all our drilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. safety is a vital part of bp's commitment to america - and to the nearly 250,000 people who work with us here. we invest more in the u.s. than anywhere else in the world. over fifty-five billion dollars here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> for more on our show and our guests, check out the website otm.christina.com. i hope you'll follow me on twitter and google+. look for me @mario bartiromo. >> still a few companies, home depot, best buy, hp, target and sears. on monda
Search Results 0 to 3 of about 4

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